The companies have announced their partnership on a Proof of Concept for a new cross-carrier mobile payments service based on the Rich Communications Service global messaging standard and TBCASoft’s cross-carrier blockchain platform.
Synchronoss has delivered in Japan, a rich and secure multi-channel communications platform, which covers SMS, email and RCS. The platform launched earlier this year. TBCASoft has been working with SoftBank, under the Carrier Blockchain Study Group Consortium, to deliver a cross-carrier blockchain platform called CCPS, which facilitates global mobile payment services among global telecommunication carriers.
A mobile customer based in Japan, for example, can travel to the USA and make a purchase in dollars via RCS which is supported by Softbank and Synchronoss. The RCS global messaging standard can also be conveniently used to send a payment.
The flexibility of the CCPS blockchain API enables the recipient to use an RCS-based messaging app or legacy messaging service like SMS or mobile email, to receive person-to-person money transfers through the RCS wallet app either in the same country or overseas.
Takeshi Fukuizumi, Vice President of Softbank Corp. said: “This RCS and blockchain-based mobile payments PoC demonstrates the value operator-led services can deliver. Not only do we foresee our new mobile payment service empowering merchants to operate digitally, and at a scale that was previously only available to big brands, but it will also give our customers more flexibility when it comes to their purchasing and travelling habits.”
Synchronoss CEO and President Glenn Lurie said: “Our PoC demonstrates how SoftBank is at the forefront in bringing to market new cutting edge technology through the use of blockchain as well as new RCS-based mobile services, which will disrupt the current messaging and payments market, creating new opportunities for customers, brands, and businesses—and which will also drive incremental revenue for operators from messaging. RCS messaging will become the foundation for a new, feature-rich marketplace for brands and merchants, both large and small, to interact with subscribers. With our expertise and global reach across multiple messaging platforms—not only RCS, but also email, IM, MMS and SMS, Synchronoss is ideally positioned to take advantage of this important new trend in mobile.”
“Increasing numbers of Communication Service Providers are turning to blockchain technology to support a growing range of new features and services—including secured clearing and settlement, personal authentication, and IoT applications,” said Ling Wu, Founder and CEO of TBCASoft. “In today’s digital economy, blockchain lets CSPs create new services and then extend them globally, beyond their established territories and markets, in a way that’s efficient and secure. The success of this PoC proves that our Cross-Carrier blockchain platform can help CSPs leverage common standards like RCS to deliver disruptive services to their customers.”